UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

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                                    FORM 8-K


                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934



                                  July 22, 2004
                Date of Report (Date of Earliest Event Reported)


                              CALLAWAY GOLF COMPANY
             (Exact Name of Registrant as Specified in its Charter)


              DELAWARE                 1-10962                   95-3797580
   (State or Other Jurisdiction       (Commission             (I.R.S. Employer
      of Incorporation)               File Number)           Identification No.)



                              2180 Rutherford Road
                             Carlsbad, CA 92008-7328
                    (Address of Principal Executive Offices)

                                 (760) 931-1771
              (Registrant's Telephone Number, Including Area Code)














Item 9.  Regulation FD Disclosure.*

         On July 22, 2004, Callaway Golf Company issued a press release
captioned "Callaway Golf Announces Results for Second Quarter and First Six
Months of 2004." A copy of the press release is attached hereto as Exhibit 99.1
and incorporated herein by this reference.

Item 12.   Results of Operations and Financial Condition.*

         On July 22, 2004, Callaway Golf Company issued a press release
captioned "Callaway Golf Announces Results for Second Quarter and First Six
Months of 2004." A copy of the press release is attached hereto as Exhibit 99.1
and incorporated herein by this reference.

* The information furnished under Item 9 and Item 12 of this Current Report on
Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for the
purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that section, nor shall it be deemed
incorporated by reference in any filing under the Securities Act of 1933, as
amended, except as shall be expressly set forth by specific reference in such
filing.



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                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date:  July 22, 2004
                                 CALLAWAY GOLF COMPANY



                              By: /s/ Bradley J. Holiday
                                  ----------------------------------------------
                            Name: Bradley J. Holiday
                           Title: Senior Executive Vice President
                                  and Chief Financial Officer


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                                  Exhibit Index
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Exhibit Number                  Description of Exhibit
--------------                  ----------------------

99.1                    Press release dated July 22, 2004, captioned "Callaway
                        Golf Announces Results for Second Quarter and First Six
                        Months of 2004."